A police team led by sub inspector Nitin Khamgal of cyber crime cell initiated probe in this case and raided an Indore-based call centre of Ripple Advisory Private Limited on Wednesday.

The cyber crime cell of the Pune city police raided a call centre based in Indore, Madhya Pradesh, and arrested three persons who allegedly cheated people by asking them to invest money, assuring huge returns.

The suspects have been identified as Manish Jain (27), Rajeshsingh Rathod (36) and Rajeshsingh Rajput (32). Probe so far revealed that they have cheated at least 50 people from Pune city.

The action was taken after a senior citizen Trimurti Nadar (70), resident of Tingre Nagar, Vishrantwadi, lodged a complaint of cheating in this case at the Vishrantwadi police station, on October 17, under sections 419 and 420 of the Indian Penal Code (IPC).

According to police, Nadar received a call on his cell phone a few months before. The caller asked Nadar to deposit Rs 11,000 in a bank account, assuring a return of Rs 15,000 after three days.

Accordingly, Nadar deposited the amount on August 11. Soon, he received a call on his phone assuring a return of Rs 5 lakh if he deposited Rs 1 lakh in the bank account. Nadar deposited Rs 1 lakh on August 24, but never got any returns. When the persons who approached him stopped receiving his calls, he filed a police complaint.

A police team led by sub inspector Nitin Khamgal of cyber crime cell initiated probe in this case and raided an Indore-based call centre of Ripple Advisory Private Limited on Wednesday. The police arrested three suspects and seized mobile phones and documents from their possession. Probe revealed that besides Pune, the men have also allegedly cheated people from Kolhapur, Thane, Mumbai, Nashik, Sangli and Nagpur. Police sub inspector Jeevan Borse of Vishrantwadi police station is investigating the case further.